ACCA Tom Clendon's SBR podcast
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Amortised Cost. Why is the finance cost different from cash paid. IFRS 9 Financial Instruments
So lets keep it simple. Let me make sure you all understand why the finance cost on a financial liability will not be the same as the interest paid!
The principle of accounting for liabilities at amortised cost goes to the heart of IFRS 9 Financial Instruments.
Short and sweet!
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